ROI = 15% BMV = 31.28%
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Description
Alert: New BMV listing in Cardiff, CF10 1DFPURCHASE PRICE - £144,000Market Value - £180,000 Discount - 20%PRICED TO SELL - VACANT & CHAIN FREE Potential Rental Income - £1,300pcm Potential Yield - 10.8% Cash Needed - 25% Net Profit - £8,112 Return on Cash Employed - 18.7%TENURE – Leasehold (950 years remaining) GROUND RENT - £100pa SERVICE CHARGE - £477 PCM (£5724 PA) inc Water Rates, Concierge, Building Maintenance COUNCIL TAX BAND – E EPC Rating - D (Potential - C)Our estimated figures/ROI is based on a buy and refinance model. Market Value is calculated by our underwriting team using SOLD comparables, speaking with local agents and market information found online. Rental income assumes the estimated Market rent. Gross yield is market rent divided by Purchase price excluding fees. Interest assumes a 4.5% borrowing rate but you will need to adapt this for your own borrowing costs. Net profit amount is estimated rent minus mortgage payments. Deposit assumes 25% cash deposit and a mortgage of 75% loan to Value (LTV). ROCE assumes net rental income / cash deposit required at 25%. Please enquire if you want a breakdown of our calculations. EPC Rating: D
Find out MoreProperty Details
- Property ID: 153087113
- Added On: 2024-10-01
- Deal Type: For Sale
- Property Price: £150,000
- Bedrooms: 2
- Bathrooms: 1.00
Amenities
- VACANT & CHAIN FREE
- TOP FLOOR APARTMENT WITH BALCONY OVERLOOKING STADIUM
- POTENTIAL RENTAL INCOME £1300 PCM
- BRIGHT & SPACIOUS LOUNGE/DINER
- MODERN KITCHEN & BATHROOM
- CONCIERGE (NCP UNDERGROUND PARKING ONLY)
- GROUND RENT £100 PA
- SERVICE CHARGE £477 PCM (£5724 PA) INC WATER RATES
- GRADE 2 LISTED BUILDING IN CITY CENTRE (MORTGAGEABLE)
- TENURE – LEASEHOLD (950 years remaining)
